Stitzer, Wisconsin Property Taxes
The median property tax rate in Stitzer, WI is 1.39%, which is higher than both the national median of 0.99% and the Wisconsin state median of 1.58%. With the median home value in Stitzer being $206,800, the typical annual property tax bill reaches $2,925, surpassing the national median of $2,690. Property taxes in Stitzer are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Stitzer's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Stitzer or another part of Grant County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stitzer, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.39%
Estimate Property Tax Bill
$2,875
$2,667
Ownwell’s Stitzer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stitzer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stitzer to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Stitzer, Wisconsin
Property taxes in Stitzer, Wisconsin, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stitzer is 1.39%, significantly higher than both the Wisconsin state median of 1.53% and the U.S. national median of 0.99%. Local government entities within Stitzer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stitzer estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Stitzer's effective property tax rate to other counties in Wisconsin and the national median. For comparison, the 53825 ZIP code has the highest median property tax rate of 1.39%, while the same ZIP code also has the lowest median tax rate of 1.39%. Understanding how these cities compare with Stitzer provides valuable insights into the varying tax landscape across Grant County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stitzer Tax Rate
1.39%
Average Grant County Tax Rate
1.49%
Average Wisconsin Tax Rate
1.58%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stitzer, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53825 | 1.15% | 1.34% | 1.39% | 1.44% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Stitzer, Wisconsin
In Stitzer, Wisconsin, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Grant County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Stitzer, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Stitzer helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 53825, with a bill of $2,925.
Average Stitzer Assessed Value
$206,800
Average Grant County Assessed Value
$141,950
Average Wisconsin Assessed Value
$200,300
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stitzer, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53825 | $54,400 | $77,925 | $206,800 | $275,775 | $374,770 |
Source: Ownwell
Property Tax Bills Across Stitzer, Wisconsin
In Stitzer, located in Grant County, WI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Stitzer is $206,800, and the property tax rate in this region is generally in line with the national median of 0.99%. However, individual tax bills can vary significantly. For example, tax bills at the 25th percentile are around $942, while those at the 75th percentile can reach up to $3,923. At the 90th percentile, homeowners might see tax bills as high as $5,225. The highest and lowest median tax bills in the area are both recorded at $2,925, indicating some consistency in assessed values and tax rates within this zip code. Several factors influence these tax bills, including property size, location, and any applicable exemptions. For homeowners, understanding these variables is crucial, as property taxes can significantly impact annual expenses. Regularly reviewing assessed values and staying informed about local tax policies can help manage these costs effectively.
Average Stitzer Tax Bill
$2,925
Average Grant County Tax Bill
$2,159
Average Wisconsin Tax Bill
$3,346
Average United States Tax Bill
$2,690
Property Tax Bills Across Stitzer, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 53825 | $678 | $942 | $2,925 | $3,923 | $5,225 |
Source: Ownwell